Kayak Congany budgeted the foloweg cach rece pts (excluting cash teceipts from lowhs ieceived) arid cash payinents Kayak requits a minimum cash balance of $30000 at cach month-end Loans raken to meet this reque ement chaige fi. intereat per month, paid at each monthend. The intereat is computed based on the beginning balahce of the ioan for the. month. Ary prelennary cashi balance above 530,000 is used ta tepay loans at inanthend. The compase hats a cash balatice of 530,000 and a foun balance of $60,000 al January 1 . Prepare moritily cask budgetv far January. February. and March Negetive balancei and Loan repoyment amounta (if any] should be indicared with minus tigne] Kiyyak Compary budgeted the following cash receipts (excluding cash receipts from loaris received) and cash payments. (excluding cash payments for loan principal and interest payminents) for the first three months of next yeat. Kayak requares a minimum cash balance of $30.000 at each month-end. Loans taken to meet this requirement charge 1 as, interest per month, paid at each month-end, The interest is computed based on the beginning balance of the loan for the month, Any preliminary cash balance above $30,000 is used to repay loans at month-end. The company has a cash balance of $30,000 and a loan balance of $60,000 at January 1 . Prepare monthly cash budgets for January. February. and March. (Negotive balances ond Loan repoyment amounts (if any) should be indicated with minus sign.) interest per month, paid at each month-end. The interest is computed based on the beginnin month. Any preliminary cash balance above $30,000 is used to repay loans at month-end. T $30,000 and a loan balance of $60,000 at January 1 . Prepare monthly cash budgets for January, February, and March. (Negative balances and Lo should be indicated with minus sign.)